Latest News from Greece

Deposit outflows from Greek banks slow in March, credit shrinks

Deposit outflows from Greek lenders slowed in March, staunching a run of steep declines that had fueled concerns about the country's banking system as it battles to avert a sovereign default.

Banks' deposits fell to 145 billion euros ($160 billion) from 147.5 bln euros in February, data from the European Central Bank showed on Wednesday.

'Honest compromise' is not an option, Lafazanis says

As the government prepared to present draft legislation to Greece's lenders, in a bid to show it is serious about acting on pledges to secure aid, Energy Minister Panayiotis Lafazanis, who is also the head of SYRIZA's so-called Left Platform, said that an ?honest compromise? with creditors was not an option.

Reuters: The Eurozone moves on despite the Greek issue

Reuters reports that all latest developments on Greek debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism.

Tsipras to restore PMQs

Greece's leftist government has decided to restore the weekly session of prime minister's questions, better known here as "the prime minister's hour.?

In a letter to Parliament speaker Zoi Konstantopoulou on Wednesday, Tsipras said he plans to answer questions from members of parliament every Friday.

Varoufakis: "We must build trust with Germany"

"Is a matter of utmost importance for Greece to recover national sovereign, which was given to lenders, with the signing of the loan agreements," said the Greek Minister of Finance Yanis Varoufakis in an interview on Australian network ABC.

Mr. Varoufakis continued by stating that "We must build trust with Germany and to avoid generic estimates of the Greeks or the Germans".

Xeros must not leave prison, US ambassador says

The US Ambassador to Greece David Pearce has once more criticized legislation that paves the way for November 17 terrorist Savvas Xeros to be released from prison early.

German finance chief softens tone, says Greece 'needs time'

German Finance Minister Wolfgang Schaeuble said Mar. 1 Greece's new hard-left government needs "a bit of time" but is committed to implementing necessary reforms to resolve its debt crisis.
      
"The new Greek government has strong public support," Schaeuble said in an interview with German newspaper Bild am Sonntag.        

Schaeuble softens tone, says Greece 'needs time'

German Finance Minister Wolfgang Schaeuble said Sunday Greece's new government needs «a bit of time» but is committed to implementing necessary reforms to resolve its debt crisis.

"The new Greek government has strong public support,» Schaeuble said in an interview with German newspaper Bild am Sonntag.

Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis

By Elena Becatoros

Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are «in a different league» and will need discussion with Greece's creditors, the country's finance minister said Saturday.

Greece's lenders skeptical on new bills but focus on funding needs

European officials have expressed concern that the Greek government has not consulted with its partners over its plans to bring new legislation to Parliament this week but the greatest focus appears to be on how Athens will cover its immediate funding needs.

Schauble: It is now Tsipra’s say

In his interview to German Sunday Bild newspaper edition, German Minister of Finance Wolfgang Schauble appeared optimistic on Greece fulfilling its commitments,.

However, at the same time he stresses that “If Greece does not fulfill its commitments, there will be no further help”.

Varoufakis attacked by anarchists while dining in Athens

Greek Finance Minister Yanis Varoufakis has said he and his wife came under attack by anarchists while dining in a central Athens restaurant.

In a statement Wednesday, Varoufakis said he and his wife were in the Exarchia district, a neighborhood popular with extreme leftists and anarchists, Tuesday night when a group barged into the restaurant.

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